HOW DOES IT WORK?
posted on 07/21/2006 4:28:03 PM PDT
by Choose Ye This Day
(Why does our government "of the people" do things the people don't want--overtax & overregulate us?)
To: Choose Ye This Day
Sure Fib numbers work, and they work because traders use them. If a fib number shows support/resistance at a certain level there is almost always a turn there.
If you have thousands of people looking at the same support/resistance numbers it follows that they work.
I have used fib numbers for years trading futures.
posted on 07/21/2006 4:40:19 PM PDT
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